Kidnappers holding the Chairman of Jezco Group, Chief Sir Joseph Ezeokafor, have increased their ransom demand from N700 million to N1.5 billion, according to a family source. The Anambra businessman was abducted in the early hours of Tuesday, August 4, after leaving his residence for a prayer ground in Awka, reportedly without his security personnel.
Ransom Demand Escalates
The abductors initially demanded N700 million for his release, and the family reportedly agreed to the demand as part of efforts to secure his safe return. However, the kidnappers subsequently raised the ransom to N1.5 billion, according to the source, as reported by Guardian.
The family is said to have remained open to negotiations, but the abductors have reportedly stopped communicating with them. “The family has been willing to negotiate and do whatever is necessary to secure his release, but the kidnappers have suddenly stopped communicating,” the source said, per Guardian.
Communication Breakdown
The communication breakdown has reportedly complicated efforts by the family to establish contact with the kidnappers and ascertain Ezeokafor’s condition. The family’s attempts to reach the abductors have been unsuccessful, leaving them in a state of uncertainty about his welfare.
The abduction has drawn attention to the security challenges in Anambra State, where incidents of kidnapping for ransom have been a concern. The police have not issued an official statement regarding the case, and the family has not made a public appeal.
Ongoing Negotiations Stalled
As of the time of this report, the kidnappers have not resumed communication, and the family remains in a difficult position, unable to negotiate or confirm the safety of Chief Ezeokafor. The situation underscores the difficulties families face in such cases, often caught between complying with ransom demands and the risk of further escalation.
The family’s willingness to negotiate, even at the increased sum, reflects their priority on securing his safe release. However, with the abductors silent, the next steps are uncertain, and the family awaits any new development in the case.
